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REGISTERED NUMBER: 10610549 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 31 May 2023

for

Trade Management Services Group Ltd

Trade Management Services Group Ltd (Registered number: 10610549)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Trade Management Services Group Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Mrs J C Fox
A D Fox
R W Fox
M A Laurie
A L Palethorpe
D R Fox
N Summers





REGISTERED OFFICE: Britannia Suite
Lakeside Business Centre
Lifford Lane, Kings Norton
Birmingham
West Midlands
B30 3NU





REGISTERED NUMBER: 10610549 (England and Wales)





ACCOUNTANTS: James, Stanley & Co. Limited
1,733 Coventry Road
South Yardley
Birmingham
West Midlands
B26 1DT

Trade Management Services Group Ltd (Registered number: 10610549)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Investments 5 - 1,000,000

CURRENT ASSETS
Debtors 6 310,130 1,620
Cash at bank and in hand 356,254 351,428
666,384 353,048
CREDITORS
Amounts falling due within one
year

7

313,198

519,096
NET CURRENT ASSETS/(LIABILITIES) 353,186 (166,048 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

353,186

833,952

CREDITORS
Amounts falling due after more
than one year

8

-

300,000
NET ASSETS 353,186 533,952

CAPITAL AND RESERVES
Called up share capital 9 53,000 53,000
Retained earnings 300,186 480,952
SHAREHOLDERS' FUNDS 353,186 533,952

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Trade Management Services Group Ltd (Registered number: 10610549)

Balance Sheet - continued
31 May 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 February 2024 and were signed on its behalf by:





A D Fox - Director


Trade Management Services Group Ltd (Registered number: 10610549)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Trade Management Services Group Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. There were no material departures from that accounting standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Trade Management Services Group Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

In the accounts of Trade Management Services Group Ltd investments held as fixed assets are stated at cost less any provision for permanent diminution in value.

The investments relate to shares held in group undertakings.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Trade Management Services Group Ltd (Registered number: 10610549)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2022 1,000,000
Disposals (1,000,000 )
At 31 May 2023 -
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 1,000,000

Trade Management Services Group Ltd had a significant influence on Trade Management Services Ltd up to the date of its disposal on 28 October 2022.

Trade Management Services Ltd was incorporated in England. Trade Management Services Group Ltd was the parent company of Trade Management Services Lt up to 28 October 2022. On 28 October 2022, Trade Management Services Group Ltd sold its shareholding in Trade Management Services Ltd to Trade Management Services (Holdings) Limited.

The aggregate capital and reserves of this entity at the balance sheet date was as follows:-

2022


Profit
for the
year

Capital &
reserves
£ £
Trade Management Services Ltd 682,589 2,409,413








6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Amounts owed by parent company 306,799 -
Prepayments and accrued income 3,331 1,620
310,130 1,620

Trade Management Services Group Ltd (Registered number: 10610549)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
3.5% Redeemable preference
shares 300,000 50,000
Trade creditors - 3,518
Amounts owed to group undertakings 296 457,256
Amounts owed to parent company - 2,728
Tax 1,498 -
Accruals and deferred income 11,404 5,594
313,198 519,096

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
3.5% Redeemable preference
shares 1-2 years - 50,000
3.5% Redeemable preference
shares 2-5 years - 150,000
3.5% Redeemable preference
shares > 5 years - 100,000
- 300,000

Amounts falling due in more than five years:

Repayable by instalments
3.5% Redeemable preference
shares > 5 years - 100,000
- 100,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
3,000 Ordinary £1 3,000 3,000
50,000 3.5% Non-Redeemable preference £1 50,000 50,000
53,000 53,000

10. CAPITAL COMMITMENTS
31.5.23 31.5.22
£    £   
Contracted but not provided for in the
financial statements - -

Trade Management Services Group Ltd (Registered number: 10610549)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

11. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £296 (2022 - £459,984) by way of loans to group undertakings. These loans are unsecured and interest free with no specific repayment terms and is presented within creditors: amounts falling due within one year.

In the year ended 31 May 2023, Trade Management Services Group Ltd was owed £306,799 by way of a loan from a parent undertaking.

During the year the company paid interim dividends on its ordinary shares of £1,000,000 (2022 - £200,000), preference share dividends on its non-redeemable preference shares of £1,750 (2022 - £1,750) and preference share dividends of £5,135 (2022 - 13,731) on its redeemable preference shares to members of key management personnel and £6,847 to a group undertaking.

During the year, the company paid preference share dividends on its non-redeemable preference shares of £1,016 to a group undertaking.

In the year ended 31 May 2023, Trade Management Services Group Ltd received dividends of £840,000 (2022 - £400,000) from a group undertaking.

On 28 October 2022, the company sold its shareholding in Trade Management Services Ltd to Trade Management Services (Holdings) Limited at par and on 1 November 2022 the companys redeemable and non-redeemable preference shares held by a member of key management personnel, were transferred to Trade Management Services (Holdings) Limited.